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Truist(TFC) - 2025 Q2 - Earnings Call Presentation
2025-07-18 12:00
Financial Performance - Net income available to common shareholders was $1.2 billion[18] - Diluted EPS was $0.90, including $0.02 of restructuring charges and $0.01 of losses on certain investment securities sold[18] - Adjusted revenue increased by 2.1% compared to the previous quarter[40] - Average loans increased by 2.0% linked quarter[41] - Average deposits increased by 2.1% linked quarter[44] Business Segments - Consumer & Small Business Banking net interest income was $2.4 billion, up $74 million or 3.2% from the prior quarter[74] - Wholesale Banking average loans increased by $2.6 billion, or 1.5%, primarily related to an increase in C&I balances[78] - Wholesale Banking average deposits increased by $5.4 billion, or 3.7%, related to large, short-term client inflows[78] Digital Growth - Digital share of new-to-bank clients reached 43%, a +900 bps increase[26] - Digital transactions increased by 9% to 87 million[32] - Zelle transactions increased by 19% to 38 million[32] Capital and Credit Quality - CET1 ratio was 11.0%[18] - The company repurchased $750 million of common stock and is targeting $500 million in 3Q25[19] - Net charge-offs (NCOs) were 0.51%[18] Outlook - The company expects adjusted revenue to increase by 2.5% to 3.5% in 3Q25 compared to 2Q25[68] - The company expects adjusted expenses to increase by approximately 1% in 3Q25 compared to 2Q25[68]